Category Archives: Economy

German budget surplus soars as economy motors ahead

By Michael Nienaber | BERLIN Germany’s economy is in full swing, the government said on Thursday, a state of affairs that also led to a record 2016 budget surplus likely to irritate much of the rest of the European Union

UK economy picks up in late 2016 but signs of Brexit hit appear

By Andy Bruce and William Schomberg | LONDON Britain’s economy sped up at the end of 2016, data showed, but over the whole year it was weaker than previously thought and there were signs that the Brexit vote will increasingly

BoE’s Haldane says market rate hike expectations could hurt economy

Bank of England chief economist Andy Haldane said on Tuesday that a sharp increase in market expectations for an interest rate hike could tighten credit conditions and harm the economy. Haldane said he was comfortable with the central bank’s neutral

Economy good, but homes in German cities overpriced, Bundesbank says

By Andreas Framke | FRANKFURT Feb 20 Homes in large German cities are between 15 and 30 percent overpriced, the Bundesbank said on Monday, in a message that is likely to stoke further fears in Europe’s strongest economy about the

Brazil economy to resume growth in first quarter, finmin says

Feb 1 The Brazilian economy is likely to return to growth in the first quarter, the country’s finance minister said, accelerating to a 2 percent annual pace by the last quarter of the year. Speaking at an event in São

Loonie Rises to Four-Month High as Canadian Economy Gains Speed

The Canadian dollar advanced to the strongest level since September amid a waning rally in its U.S. counterpart and positive signals from the Canadian economy. The currency briefly broke past C$1.30 per U.S. dollar for the first time since Sept.

BOJ upgrades growth forecasts, warns of risks to inflation outlook

By Leika Kihara | TOKYO The Bank of Japan raised its growth projections on Tuesday but warned that prospects for hitting its 2 percent inflation target remained uncertain, suggesting policy makers were wary about Corporate Japan’s willingness to lift wages

France’s FN sets out unorthodox economic plans to support a euro exit

By Ingrid Melander, Leigh Thomas and Simon Carraud | PARIS France’s National Front will combine the euro exit at the heart of its economic platform with a cocktail of unorthodox policies including money printing, currency intervention and import taxes, a

German current account surplus is high, but no excessive imbalance: Economy Ministry

Germany views its current account surplus as high, but it is not an excessive imbalance, an economy ministry spokeswoman said on Monday, adding that Germany’s surplus with other euro zone countries had halved over the past eight years. “The federal

Saudi money supply growth picks up as economy strengthens

By Andrew Torchia | DUBAI Saudi Arabian money supply growth picked up in December in a sign that the economy is regaining strength after a slump last year caused by low oil prices and government austerity measures, central bank data